Rants & Gems #60 | Mortgage Demand Declines To Lowest In 22 Years
Rants & Gems Real Estate Podcast
EYL Network
4.9 • 1.3K Ratings
🗓️ 18 August 2022
⏱️ 89 minutes
🧾️ Download transcript
Summary
In this episode Quiana Watson breaks down why mortgage demand is declining. Stop with the speculation and watch this episode. Quiana answers viewer questions to unpack what’s truly important, OWNERSHIP. We cover different markets, loans, and even how to increase the value in your current home.
//Rants & Gems Official Instagram: https://www.instagram.com/rantsandgems_/
//MG The Mortgage Guy Instagram: https://www.instagram.com/mgthemortgageguy/
//Quiana Watson Instagram: https://www.instagram.com//quianawatson/
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Transcript
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| 0:00.0 | Hi, everybody. My name is Kiana Watson. I am the co-host here on the Rantz engines show. |
| 0:09.0 | I will be taking over for today my co-host met MJ the mortgage guy. He could not make it. So I'm going to hold it down. |
| 0:19.0 | So I want you guys to comment in the chat. We will be answering your questions as they come in. |
| 0:25.0 | But I'm really excited about this episode because I myself as Kiana Watson brokerage coordinator, |
| 0:33.0 | license number 317-576, I am always in tune with the real estate market. |
| 0:38.0 | And I want to make sure that you guys have the education you need to make smart decisions |
| 0:44.0 | when it comes to purchasing or selling real estate. All right. |
| 0:49.0 | Let's just hop right into it because I started this off on my Instagram page. |
| 0:54.0 | And I was talking about the natural Atlanta area. Oh, we're not allowed. |
| 1:04.0 | Let me turn this new. It says you're in the show. Well, let me continue on so y'all get the backdrop together. |
| 1:12.0 | Okay. |
| 1:22.0 | Excuse the technical difficulties. So it appears we are live and we are about to get started. |
| 1:30.0 | I want to talk to you about the natural Atlanta area and also what's going on around the world when it comes to decreases in the purchase price and a reduction in people that are just |
| 1:41.0 | buying and selling property right now. So let me just tell you one thing. |
| 1:46.0 | The great thing about just knowing the information you can help make an informed decision. |
| 1:51.0 | So let me start first with the natural Atlanta area. We have most recently had 2966 price reductions in the last seven days. |
| 2:02.0 | What does this mean for our market? This means that people are recessing. |
| 2:07.0 | So I don't even know whether if you believe we're in a recession or not. |
| 2:11.0 | If you think we're in a recession, we are don't think we're in a recession. |
| 2:14.0 | These are changing rather quickly. That means that people are slowing down on purchasing. |
| 2:20.0 | They are not purchasing as much as they used to. |
| 2:23.0 | So when you are when you experience that and you see people recessing. |
... |
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